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PHH Corporation (PHH) in Focus: Stock Rises by 8.1%

PHH Corporation (PHH) was a big mover last session, as the company saw its shares rise by over 8% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for this finance company, as the stock surged more than 12% in the past one-month time period.

The company has seen 1 positive revision in the past few weeks and its earnings consensus has moved higher over the past two months, suggesting that more solid trading could be ahead for PHH. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

PHH Corporation currently has a Zacks Rank #3 (Hold) and its Earnings ESP is positive.

Some better performing stocks in the same sector include Home Loan Servicing Solutions, Ltd. (HLSS), Nationstar Mortgage Holdings Inc. (NSM) and East West Bancorp, Inc. (EWBC). All these carry a Zacks Rank #2 (Buy).